New Statistics on Luxury Home Sales in Bayfield WI & Madeline Island

By
Real Estate Broker/Owner with Madeline Island Realty 50317-90
https://activerain.com/droplet/4QzG

NEW Statistics on Luxury Home Sales in Bayfield WI & on Madeline Island

 

The most recent stats on luxury home sales for the Madeline Island (La Pointe, Wisconsin) and Bayfield, Wisconsin area have been updated and are now available. At Madeline Island Realty, we're particularly proud to report that those updated statistics show eight of the last nine homes sold in our local market area over the last five years, and sold at prices in excess of half a million dollars, were properties listed by Madeline Island Realty.

 

8 of 9 Top Sales Over Half a Million Dollars Were Listed by Madeline Island Realty

 

But there's more to the bar graph and sales numbers than meets the eye.  We dug into the history of those nine most recent sales over $500,000 and we found something that local area homeowners should know.

 

Out of those nine most recent closed luxury home sales in the Apostle Islands area, five of our sold properties never received even one showing request from another realty office, either in our area or from outside the area. 

 

That's right, not one showing.

 

We encourage competing real estate companies throughout our area (Ashland and Bayfield Counties in Wisconsin) to cooperate and to bring buyers for our listings. We also make every effort to show their listings.  But when local competitors are not even able to procure a single interested party throughout the life of a listing, that speaks volumes about their lack of market "reach".  This failure to request even one showing tends to indicate that those brokerages simply aren't reaching prospective luxury home buyers in the upper price brackets.

 

As a result of that lack of showings by other brokerages, our brokerage wound up both listing and procuring the buyer for the majority of our luxury home listings during the past five years. It is also a fact that Madeline Island Realty both listed and procured the buyer for the majority of all the luxury home listings sold in our market during the past five years. 

 

We like our area competitors in the real estate business and we value their cooperation. I only wish that they were more consistent in showing our listings and in attempting to procure buyers for listings other than their own.

 

 

 

 

 

 

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Topic:
Real Estate Market Trends
Location:
Wisconsin Ashland County La Pointe
Tags:
luxury home sales
madeline island realty
la pointe wisconsin
realty office
bayfield wisconsin
apostle islands area
bayfield wi and madeline island
ashland and bayfield counties in wisconsin

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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Eric Kodner Thank you for taking the time to share this.  This is great information for buyers and sellers alike!

Apr 11, 2016 08:04 AM #1
Rainmaker
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Eric Kodner
Madeline Island Realty - La Pointe, WI
CRS, Madeline Island Realty, LaPointe, WI 54850 -

Thanks Jim Crawford. When we write a market report, we like to be able to support our conclusions with solid data.

Apr 11, 2016 10:16 AM #2
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Eric

Well done market report, with clearly presented information but also inseful analysis. Madeline Island Realty is clearly the leader and the brokerage to call to get your home sold!

Jeff

Apr 13, 2016 12:21 AM #3
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Eric Kodner

CRS, Madeline Island Realty, LaPointe, WI 54850 -
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